Macerich Co’s filing revealed that its Director Stephen Andrea M unloaded Company’s shares for reported $1.3 million on Dec 26 ’24. In the deal valued at $20.59 per share,63,289 shares were sold. As a result of this transaction, Stephen Andrea M now holds 0 shares worth roughly $0.0.
Then, O’Hern Living Trust U/A/D 11-2 bought 57,200 shares, generating $1,115,400 in total proceeds.
Before that, Volk Kenneth bought 5,000 shares. Macerich Co shares valued at $77,025 were divested by the EVP, Business Development at a price of $15.40 per share. As a result of the transaction, Volk Kenneth now holds 51,924 shares, worth roughly $1.0 million.
Jefferies upgraded its Macerich Co [MAC] rating to a Buy from a a Hold in a research note published on January 02, 2025; the price target was increased to $23 from $19. A number of analysts have revised their coverage, including Scotiabank’s analysts, who increased its forecast for the stock in mid December from “a Sector underperform” to “a Sector perform”. Deutsche Bank began covering MAC with “Hold” recommendation on December 17, 2024. Mizuho revised its rating on December 04, 2024. It rated MAC as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of MAC
On Friday, Macerich Co [NYSE:MAC] saw its stock fall -5.25% to $19.30. Over the last five days, the stock has lost -4.64%. Macerich Co shares have fallen nearly -3.11% since the year began. Nevertheless, the stocks have risen 25.08% over the past one year. While a 52-week high of $22.27 was reached on 01/06/25, a 52-week low of $12.99 was recorded on 01/10/25. SMA at 50 days reached $20.15, while 200 days put it at $16.97.
Levels Of Support And Resistance For MAC Stock
The 24-hour chart illustrates a support level at 18.96, which if violated will result in even more drops to 18.61. On the upside, there is a resistance level at 19.78. A further resistance level may holdings at 20.25. The Relative Strength Index (RSI) on the 14-day chart is 38.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.08%. Stochastics %K at 29.56% indicates the stock is a holding.
How much short interest is there in Macerich Co?
A steep rise in short interest was recorded in Macerich Co stocks on 2024-12-13, growing by 0.36 million shares to a total of 14.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 14.29 million shares. There was a rise of 2.48%, which implies that there is a positive sentiment for the stock.
